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Slide #37. Zoom Technologies Inc. — Tinho Union Holding Group
Zoom Technologies Inc. (ZOOM)
Tinho Union Holding Group
On January 13, 2014, Zoom Technologies, Inc. (Nasdaq:ZOOM) (the "Company") entered into a Letter of Intent (the "LOI") with Tinho Union Holding Group ("Tinho") to acquire all the outstanding shares of Tinho by issuing approximately 9.4 million new shares of the Company's common stock at a valuation of $8.6505 per share to the shareholders of Tinho (the "Transaction").
Zoom Technologies is a holding company with investments in the People's Republic of China via SpreadZoom Technologies, Inc. (SpreadZoom), its venture with Spreadtrum Technologies, Inc. SpreadZoom owns and operates mobile phone manufacturing facilities in Tianjin.
Open the ZOOM Page at The Online Investor »
Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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